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    445 W 70th Street

    Los Angeles (City), CA 90003
    • $2,535,000
    • STATUS: Active
    • ON SITE: 262 days
    • ID#: 21677642
    UPDATED: 50 min ago
    $2,535,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,289
      SQFT
    • $273
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2011
    County:

    School Ratings & Info

    Description

    Constructed in 2011, the property consists entirely of well-appointed three bedroom townhomes, each above its own private two-car garage. Offered at an attractive 4.25% current CAP Rate, this building provides an investor with a recently-constructed, high-end asset that still generates a strong, stable cash flow. Each spacious floorplan includes three bedrooms and two- and-a-half bathrooms within more than 1,500 square feet. Tenants are attracted to the in-unit washer/dryers, granite countertops, central air/heat, fireplaces, walk-in closets, and high ceilings. Every apartment includes its own private balcony, private patio, breakfast bars, and tile flooring in the kitchen and entryway. A private two-car garage is attached to each unit, offering direct entry to the apartment. Each unit features its own individual water heater, while the entire premises are guarded by a security camera system.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T00:27:18.817. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
    www.searchwithcompass.com/homes/113119292
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    445 W 70th Street Los Angeles (City), CA 90003

    • Price: $2,535,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 21677642
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    9,289
    SQFT
    $273
    $/SQFT
    2011
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    Constructed in 2011, the property consists entirely of well-appointed three bedroom townhomes, each above its own private two-car garage. Offered at an attractive 4.25% current CAP Rate, this building provides an investor with a recently-constructed, high-end asset that still generates a strong, stable cash flow. Each spacious floorplan includes three bedrooms and two- and-a-half bathrooms within more than 1,500 square feet. Tenants are attracted to the in-unit washer/dryers, granite countertops, central air/heat, fireplaces, walk-in closets, and high ceilings. Every apartment includes its own private balcony, private patio, breakfast bars, and tile flooring in the kitchen and entryway. A private two-car garage is attached to each unit, offering direct entry to the apartment. Each unit features its own individual water heater, while the entire premises are guarded by a security camera system.
    Interior Features

    Heating Central Heating YN Yes

    Property Features

    Gross Income 181200 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 107973 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lac2

    Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T00:27:18.817. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
     
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